EASYOFFICE
EASYOFFICE

Net profit @ 8%

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(Querist)
16 April 2015 A partnership firm having sales below the tax audit threshold limit and profit has been shown @ 7.30% of sales but tax audit was not done. Should it would be of any problem.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 April 2015 yes. you will get a section 139(9) notice.

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